CNK earnings analysis
What we found in CNK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Cinemark Holdings, Inc. reported significant year-over-year growth in Q1 2026 with total revenue increasing to $643.1 million, up 18.9% from $540.7 million in Q1 2025. Operating income recovered to $23.5 million despite fluctuations in attendance and mixed segment performance. EPS of -$0.05 fell short of analyst expectations of -$0.05, indicating continued challenges in the theatrical segment despite a generally positive revenue trajectory.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Significant Revenue Growth
- Q1 2026 revenue reached $643.1 million, up 18.9% from $540.7 million in Q1 2025.
- Operating Margin Recovery
- Operating income improved to $23.5 million, compared to a loss of $19.2 million in Q1 2025.
- Improved Concession Revenue
- Total concession revenue surged to $255.2 million, a 21.3% increase from $210.4 million year-on-year.
- U.S. Segment Growth
- U.S. revenue increased by 23.4% to $514.7 million, driven by increased admissions and concession sales.
- Lower Cash Used in Operations
- Cash used for operating activities decreased significantly to $20.4 million in Q1 2026 from $119.1 million in Q1 2025.
- Increased Capex
- Capital expenditures rose to $37.5 million from $15.3 million year-over-year, reflecting ongoing enhancements.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- International Revenue Decline
- International segment attendance dropped to 14.9 million from 16.0 million, resulting in slower revenue growth of 3.9%.
- Higher Operating Costs
- Operating costs increased to $619.6 million, impacting margins, especially with increased film rental costs.
- Cash Flow Challenges
- Despite improved cash flows, operating cash used shows that the company still faces liquidity pressures.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.05
- Operating margin
- 3.7%
- Segment
- U.S. Markets
- Segment
- International Markets
What they said about what is next.
Management indicates potential challenges in future quarters due to variability in film slate and macroeconomic pressures.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 18, 2026
- Cinemark positions itself as a market-leading, geographically diversified theatrical exhibitor emphasizing premium auditorium upgrades, loyalty monetization, and disciplined capital allocation. The 2025 filing…
- 10-Q · November 5, 2025
- Cinemark reported Q3 2025 results with revenues of $857.5 million, up from $922 million in Q3 2024, reflecting a decline year-over-year. The Company posted a net income of $50.5 million, which translates to a diluted…
- 10-Q · August 1, 2025
- Cinemark reported strong Q2 operational results with revenue of $940.5M (vs $734.2M YoY) and operating income of $173.5M (vs $82.9M YoY), driving diluted EPS of $0.63. Cash and liquidity remain sizable at $931.6M of…
- 10-Q · May 2, 2025
- Cinemark reported Q1 2025 revenue of $540.7M and a net loss attributable to holders of $38.9M (EPS -$0.32). The company swung to an operating loss of $19.2M from operating income of $17.6M a year earlier and used cash…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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